Whoa! At Upcoming Auction of Local TV Stations’ Spectrum, the Opening Bid Price for the Most Valuable Station in the Country Will Be … $900 Million

Oct 16, 2015  •  Post A Comment

Excellent reporting by our friend Harry Jessell and his staff at TVNewsCheck on the upcoming reverse spectrum auction by the Federal Communications Commission.

Writes TVNewsCheck, “The FCC today released the final opening bid prices for TV stations eligible to participate” in the auction, and “a flat $900 million for CBS O&O WCBS New York is the top number nationwide and is slightly higher than the estimate released earlier by the commission. The increase is due to the commission updating the data that it used to calculate the prices, according to a senior FCC official.

“ABC’s WLS is the most valuable station in Chicago at $632 million. In Los Angeles, the top spot goes to noncommercial KVCR at $629 million.

“The actual prices that the FCC will pay for the stations are expected to be considerably lower and will depend on how much spectrum the FCC decides it wants to buy in the reverse auction, how many stations participate and how the bidding goes.”

To read more details about this story and the upcoming auction, please click here, which will take you to the original TVNewsCheck story.

Furthermore, to see a complete list of opening bid prices for all TV stations, please click here, which will take you to a list compiled by the National Association of Broadcasters.

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